Shide Group, led by a Chinese entrepreneur said to have close ties to the powerful, recently fallen politician Bo Xilai, issued a statement yesterday denying a report that the company is facing bankruptcy. Shide, whose main business interests include financial services, building materials and a soccer team, is reportedly facing large debts. Xu is reported to [...]
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A 5-year-old sex tape of an 18-year-old woman allegedly hired by developers to sleep with a city official is causing yet another scandal for China's ruling Communists in the city formerly led by fallen politician Bo Xilai. Read Post
Charged with corruption and abuse of power, top Chinese politician Bo Xilai has been expelled from the Communist Party. Bo was turned over to “judicial organs” for prosecution, state-controlled Xinhua News Agency reports. In August,... Read Post
Xu Ming, a Chinese tycoon said to have close ties to recently fallen politician Bo Xilai, may be under investigation or arrest for wrongdoing, according to media reports. Xu is chairman of the Dalian Shide Group, whose main busines... Read Post